USDCAD moved sideways in a narrow range between 1.0905 and 1.0991. Key support is now at 1.0905, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 1.0588, another rise could be expected and next target would be at 1.1100 area. However, a breakdown below 1.0905 support will indicate that the upward movement from 1.0588 had completed at 1.0991 already, then the following downward movement could bring price to 1.0700 zone.
